Remittance fees from Western Union were nearly 3.5 percentage points higher than those from Walmart2World. This is according to a Statista estimate that aims to compare the prices charged for sending international money transfers to Colombia. Typically, the fees of money transfer organizations - MTOs - such as Western Union were above those from banks. No figures were available on post office fees for remittances towards Colombia.
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Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia as of 1st quarter of 2024, among the most used brands used by the rest of the world towards the country
Characteristic
Costs of sending 200 U.S. dollars to this country, as proportion of remittance value received
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Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia as of 1st quarter of 2024, among the most used brands used by the rest of the world towards the country
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Figures are based on the number of remittance channels that exist in a remittance sending and/or receiving country, due to limited information on remittance transactions - be it the value or the number of transactions; From Q3 2024 onwards, the source removed Small World from its tracking - as this company entered administration in July 2024.
Supplementary notes
The figures have been collected and calculated by Statista.
The source did not provide figures from before 2011.
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FXC Intelligence, & World Bank (Remittance Prices Worldwide), & Statista. (July 6, 2024). Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia as of 1st quarter of 2024, among the most used brands used by the rest of the world towards the country [Graph]. In Statista. Retrieved June 26, 2025, from https://www.statista.com/statistics/1455052/cost-sending-low-value-remittances-to-colombia-by-brand/
FXC Intelligence, und World Bank (Remittance Prices Worldwide), und Statista. "Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia as of 1st quarter of 2024, among the most used brands used by the rest of the world towards the country." Chart. July 6, 2024. Statista. Accessed June 26, 2025. https://www.statista.com/statistics/1455052/cost-sending-low-value-remittances-to-colombia-by-brand/
FXC Intelligence, World Bank (Remittance Prices Worldwide), Statista. (2024). Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia as of 1st quarter of 2024, among the most used brands used by the rest of the world towards the country. Statista. Statista Inc.. Accessed: June 26, 2025. https://www.statista.com/statistics/1455052/cost-sending-low-value-remittances-to-colombia-by-brand/
FXC Intelligence, and World Bank (Remittance Prices Worldwide), and Statista. "Total Average Cost of Sending 200 U.S. Dollars worth of Remittances towards Colombia as of 1st Quarter of 2024, among The Most Used Brands Used by The Rest of The World towards The Country." Statista, Statista Inc., 6 Jul 2024, https://www.statista.com/statistics/1455052/cost-sending-low-value-remittances-to-colombia-by-brand/
FXC Intelligence & World Bank (Remittance Prices Worldwide) & Statista, Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia as of 1st quarter of 2024, among the most used brands used by the rest of the world towards the country Statista, https://www.statista.com/statistics/1455052/cost-sending-low-value-remittances-to-colombia-by-brand/ (last visited June 26, 2025)
Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia as of 1st quarter of 2024, among the most used brands used by the rest of the world towards the country [Graph], FXC Intelligence, & World Bank (Remittance Prices Worldwide), & Statista, July 6, 2024. [Online]. Available: https://www.statista.com/statistics/1455052/cost-sending-low-value-remittances-to-colombia-by-brand/
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